June 14

The second week of June 2026 (June 10–14) has exposed a widening structural divide within the international steel industry.While North American markets enjoy tight supply and rigid pricing structures due to aggressive trade barriers, the broader global market is grappling with a landmark OECD outlook warning of record-breaking overcapacity and shifting circumvention pathways.

The primary catalyst for institutional market sentiment this week was the release of the comprehensive OECD Steel Outlook 2026 report.The findings indicate that global steel excess capacity continues to expand aggressively, driven heavily by expanding non-market subsidies outside the OECD area.